EMC Adds Almeida, Carty to Board With Support of Elliott
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EMC Corp. named Jose Almeida and Donald Carty as directors as part of a standstill agreement with activist investor Elliott Management Corp., which has been pushing for a corporate overhaul.
As part of the accord, Elliott agreed to certain provisions through September, including voting to approve the entire 13-person board, EMC said today in a statement. Standstill agreements generally include limits on how much stock an investor can amass.